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,Lee Jae-yong, jailed de facto leader of the giant Samsung group, is out on parole after being granted early release. – AFP pic, August 13, 2021.

THE jailed de facto leader of the giant Samsung group walked free on parole today, the latest instance of South Korea’s long tradition of freeing business leaders imprisoned for corruption or tax evasion on economic grounds.

Lee Jae-yong – the 202nd richest person in the world according to Forbes, with a net worth of US$11.4 billion (RM47 billion) – was serving a two-and-a-half year prison sentence imposed in January for bribery, embezzlement and other offences in connection with the corruption scandal that brought down ex-South Korean president Park Geun-hye.



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